{"id":1211611,"date":"2022-09-27T08:51:19","date_gmt":"2022-09-27T08:51:19","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/27\/total-pension-funds-increased-by-18-to-%c2%a239-6bn-in-2021\/"},"modified":"2022-09-27T08:51:19","modified_gmt":"2022-09-27T08:51:19","slug":"total-pension-funds-increased-by-18-to-%c2%a239-6bn-in-2021","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/27\/total-pension-funds-increased-by-18-to-%c2%a239-6bn-in-2021\/","title":{"rendered":"Total pension funds increased by 18% to \u00a239.6bn in 2021"},"content":{"rendered":"

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Total pension funds of the Three-Tier Pensions Scheme increased by 18% in 2021 to \u00a239.6 billion, the latest Financial Stability Review by the Bank of Ghana has revealed.<\/p>\n

This is however lower than the 27% recorded in 2020.<\/p>\n

The decreased growth rate was attributable to the ongoing lump sum payments under the private pension schemes and a marginal growth of the Basic National Social Security Scheme (BNSSS).<\/p>\n

Also, private pension funds continued on a positive growth track in 2021.<\/p>\n

Total private pension funds grew by 27.2% in 2022 to \u00a228 billion.<\/p>\n

The sustained growth in private pension funds, the report, said could be linked to better returns on investments and also the prosecution of defaulting Tier 2 employers.<\/p>\n

Again, investments of private pension funds were still held primarily in government securities constituting a total of 84.0%.<\/p>\n

From a total Assets Under Management (AUM) of \u00a211.44 billion in 2020, the year-end AUM for 2021 was \u00a211.54 billion.<\/p>\n

The major risk exposures of the scheme, the report said remained the private and public indebtedness to the scheme, increasing benefit payments and low real rates of investment return<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Total pension funds of the Three-Tier Pensions Scheme increased by 18% in 2021 to \u00a239.6 billion, the latest Financial Stability Review by the Bank of Ghana has revealed. This is however lower than the 27% recorded in 2020. The decreased growth rate was attributable to the ongoing lump sum payments under the private pension schemes […]<\/p>\n","protected":false},"author":1,"featured_media":1211612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[26375,4249,1752,1235,3675],"class_list":["post-1211611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-39-6bn","tag-funds","tag-increased","tag-pension","tag-total"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1211611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1211611"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1211611\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1211611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1211611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1211611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}